Supreme Court of India
M/s Ajay Protech Pvt. Ltd. v. General Manager & Anr.
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What the Court ordered
In view of the above, we allow the Civil Appeal arising out of SLP (C) No. 2272/2024 and set aside the order and judgment passed by the High Court in MCA No. 1/2023 dated 03.11.2023, and extend the period for making of the award by the Arbitral Tribunal till 31st December, 2024.
Judgment, page 11
From the headnote
Issue for Consideration Issue arose as to whether the application for extension can be entertained if it is filed after the expiry of the Arbitral Tribunal’s mandate; and whether the application filed u/s.29A(4) of the Arbitration and Conciliation Act, 1996 for extension of the mandate of the arbitral tribunal ought to have been allowed by the High Court. Headnotes† Arbitration and Conciliation Act, 1996 – s.29A(4) – Time limit for arbitral award – Extension of time – Application u/s.29A(4), for extension of the mandate of the arbitral tribunal – High Court, if ought to have allowed the same:
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